Facebook: paradise lost?
The US authorities filed a lawsuit against Facebook - what are the implications?
Nikkei soars in Asia
On Thursday, Asian equities demonstrated mixed performance, with market participants digesting the regional effect of the Trump administration's tax initiative.
The Nikkei 225 tacked on 0.34%, Australia's S&P/ASX managed to earn 0.10%, while the Shanghai Composite edged down 0.09%. Besides this, the Hang Seng index relieved 0.33%.
On Thursday, Chinese insurer ZhongAn Online debuted on the Hong Kong Stock Exchange. It rallied to HKD68.15, soaring 14.2%. The company’s underpinned by well-known names such as Ping An Insurance Group\'s Ma Mingzhe, Alibaba Group Holding\'s Jack Ma and Tencent Holdings\' Pony Ma.
Overnight, the Dow Jones industrial average concluded steeply higher, driven by a jump in financials amid soaring hopes that the Fed will lift rates for third time later in 2017.
As for the Dow Jones Industrial Average, it closed higher showing 22,344.48. Additionally, the S&P 500 concluded 0.41% higher and the Nasdaq Composite hit 6453.26, gaining 1.15%.
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ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
USD came under selling pressure
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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